Product intelligence · HS 843840 · 2024 data

Machinery: industrial, brewery machinery

Global exports of machinery: industrial, brewery machinery totalled $511,360,413 in 2024, a -11.1% change from the previous year. Traded by 116 countries across 1,274 bilateral corridors, with demand from 171 importing markets. The long-term trend is declining.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$511.4M

-11.1% YoY

3Y / 5Y CAGR

-5.9%

5Y: -8.8%

Supply structure

Concentrated

HHI 0.270

Volatility

Low

Score 7/100

1.

Market movement

In 2024, machinery: industrial, brewery machinery trade exhibited significant decline, with global flows reaching $511,360,413 and a three-year compound annual growth rate of -5.9% (five-year: -8.8%). The all-time peak of $936,769,043 was recorded in 2008; the current level is 45% below that high-water mark.

Over the 30-year observation window (19952024), 52% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (-1.0% acceleration).

The World Trade Flows Characterization classifies machinery: industrial, brewery machinery as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is concentrated (Herfindahl-Hirschman Index 0.270). The three largest exporters — Germany ($277.2M), China ($92.2M), and Belgium ($48.1M) — collectively dominate supply flows. The leading exporter has grown at -4.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.047). The three largest import markets are Mexico ($58.6M), United States ($47.8M), and Brazil ($41.9M). The largest importing market sources from 50 different supplying countries.

Estimated substitution elasticity: -13.49. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Germany → Mexico at $45.6M, representing 77.8% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for machinery: industrial, brewery machinery is 7 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $936,769,043 in 2008. Currently 45% below peak.

YearGlobal trade (USD)YoY growth
2015$724,944,840-14.0%
2016$758,121,987+4.6%
2017$784,275,454+3.4%
2018$827,811,505+5.6%
2019$810,512,029-2.1%
2020$507,563,151-37.4%
2021$614,012,601+21.0%
2022$608,791,312-0.9%
2023$575,508,652-5.5%
2024$511,360,413-11.1%

Top exporting countries

Ranked by export value of machinery: industrial, brewery machinery in 2024.

View all 116 exporters →

Top importing markets

Largest import destinations for machinery: industrial, brewery machinery.

View all 171 markets →

Leading trade corridors

Largest bilateral export flows for machinery: industrial, brewery machinery, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1GermanyMexico$45.6M-9.7%
2GermanyBrazil$37.6M+7.5%
3GermanySwitzerland$22.3M+59.8%
4ChinaUnited States$21.2M-19.0%
5BelgiumColombia$14.0M+93.9%
6JapanChina$13.6M+75.0%
7ItalyBelgium$12.9M+118.9%
8GermanyIreland$12.3M+328.6%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.